00:00Okay, let's talk about something we all want.
00:03Making money while you sleep.
00:05Sounds like a scam, right?
00:07But it's actually possible, and it's called passive income.
00:11Now passive income is money you earn that doesn't require you to be actively working all the time.
00:17Think about it like planting a seed.
00:19You put in the work up front, but then it grows and earns you money over time.
00:23For example, if you write an e-book, record an online course, or invest in stocks that pay dividends, you do the hard work once, but keep earning, even when you're binging Netflix or off on holiday.
00:38There are heaps of ways to build passive income.
00:41You could rent out a spare room on Airbnb, invest in real estate, or even create a YouTube channel that racks up views while you sleep.
00:48The key is to find something that matches your interests and skills, then put in the effort to build that money-making machine.
00:56But don't get me wrong.
00:58Passive income doesn't mean zero work.
01:01It usually takes a serious upfront time or money investment, and sometimes ongoing maintenance.
01:07But the payoff?
01:08More freedom to focus on what you love, less stress about money, and the feeling of waking up to new cash in your account.
01:15So, if you want to escape the trap of trading your time for money, start thinking about how you can build your own streams of passive income.
01:24The earlier you start, the bigger the results, and who knows, you might just make your pillow your business partner.
01:31If you found this helpful, hit that like, and let me know in the comments what passive income ideas you're excited about.
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